The Rolling Department of Kraus Steel Company had 200 tons in beginning work in process inventory (60% complete) on October 1. During October, 3,900 tons were completed. The ending work in process inventory on October 31 was 300 tons (25% complete). What are the total equivalent units for conversion costs?

$3,855

Explanation:

Calculation to determine the total equivalent units for conversion costs

Whole UnitsPercent conversion added in periodEquivalent units for Conversion

Inventory in process , beginning

20040% (100-60%)80 (200*40%)

Started and completed in October

3,700100%3,700 (3,700*100%])

Transferred out of rolling 3,900$0 $0

Inventory in process, Ending30025%75 (300*25%)

Total Equivalent units for conversion $3,855

(80+3,700+75)

Workings:

Calculation to determine the Started and completed

Using this formula

Started and completed = Total completed - Beginning inventory

Let plug in the formula

Started and completed= 3,900 - 200

Started and completed = 3,700

Therefore the total equivalent units for conversion costs is $3,855

b

explanation:

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.